TPA Senior Specialist (Finance)
JOB DESCRIPTION
Major Duties and Responsibilities:
- Manage and oversee assigned TPAs and their loss accounts, performing essential departmental activities such as analysis, verification, and payment of loss reimbursement invoices
- Review prefunding requests from assigned TPAs, securing approval from the relevant Chubb business partners prior to funding
- Complete required tasks for takeover accounts for assigned TPAs, ensuring timely and accurate funding by facilitating account set-up and establish initial imprest funding
- Develop a comprehensive understanding of various program structures and their differences, such as guaranteed cost, excess deductible, self-insured retention, workers' compensation, auto liability, general liability, and loss portfolio transfers
- Process payments in Accounts Payable / PeopleSoft, ensuring accuracy and timeliness
- Assess imprest amounts and take appropriate action, particularly in inactive accounts
- Provide support to fellow teammates on systems (internal & external), account reconciliations, & TPA issues
- Deliver timely and accurate information to internal/external stakeholders, maintaining strong professional relationships
- Provide support for accounts involved with takeovers, bankruptcies or other financial items
- Evaluate, enhance and implement department processes and procedures for continual improvement
- Participate in clean-up and reconciliation efforts for historical accounts to ensure accuracy and completeness
- Assist with the peer review (self-audit) program
- Compile and distribute departmental weekly and monthly reports
- Assist with or participate in ad hoc requests and any other responsibilities or projects as assigned
- Proactively identify leakage prevention opportunities and develop techniques for leakage prevention if not already establishedBachelor's degree in Accounting, Finance, Business Management or related field
- Three to five years of Property/ Casualty insurance or finance experience is preferred
- Proven experience in financial analysis, account management
- Superior analytical and problem solving skills
- Excellent communication and interpersonal skills
- Attention to detail and ability to analyze large amounts of data
ABOUT US
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
